Maharashtra proposes DELTA Act for Indias first property tokenization framework
Maharashtra has advanced plans for a blockchain-based legal framework to tokenize immovable property, with Chief Minister Devendra Fadnavis directing officials to prepare draft legislation that could make the state the first in India to introduce such a law. SummaryMaharashtra has proposed the DELTA Act to tokenize immovable property using blockchain technology.An expert committee with SEBI, BSE and NSE representatives will draft the legal framework.The proposal could make Maharashtra the first Indian state to introduce a property tokenization law. According to a statement shared by Maharashtra Chief Minister Devendra Fadnavis on X, the state government has begun work on the proposed Maharashtra Digitisation and Exchange of Land Token Asset Act (DELTA Act), which is intended to create a legal framework for digitizing and exchanging tokenized interests linked to immovable property through blockchain technology. Unlocking Property Value through the DELTA Act! Chaired a meeting regarding the draft of ‘The Maharashtra Digitisation and Exchange of Land Token Asset Act (DELTA Act)’ in Mumbai, today. Fadnavis said he chaired a meeting in Mumbai to review the draft legislation and instructed officials to prepare the proposal as Maharashtra pursues its target of becoming a $1 trillion economy by 2030. He said developing new sources of revenue would be important in









